About IoTeX
IoTeX is a Technology company based in Menlo Park (United States) founded in 2017 by Qevan Guo and Raullen Chai. Blockchain-based connectivity for IoT applications is facilitated. It operates in the Technology and Financial Services sectors. IoTeX has raised $50 million across 3 funding rounds from investors including Amber Group, Animoca Brands and Borderless. Its website iotex.io draws about 26 thousand monthly visits. Its focus areas include High Tech, Internet of Things Infrastructure, IoT Connectivity and Blockchain. Its competitors include Dash, Bottomline Technologies and Origin Protocol; 2 of its 3 listed competitors have raised funding.
Company details
IoTeX was founded in 2017 in Menlo Park, United States, as a blockchain platform focused on Internet of Things connectivity. A decentralized network is operated on a privacy-oriented blockchain, utilizing RDPoS consensus to accommodate numerous nodes. Privacy is ensured through stealth addresses and ring signatures, while cross-chain transfers of value and data are supported. Governance occurs via a decentralized autonomous organization, enabling community-driven rules for IoT device networks.
- Total Equity Funding$50M (USD)
in 3 rounds
- InvestorsAmber Group
& 8 more
Apps and channels of IoTeX
its YouTube channel IoTeX Official has 19.4K subscribers and 30 videos.
Videos from IoTeX
The most watched videos on IoTeX's YouTube channel, IoTeX Official (19.4K subscribers). Click a video to play it here.
More on IoTeX Official.
Funding Insights of IoTeX
IoTeX has successfully raised a total of $50M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $50M
- Total Rounds 3
- Investors Count 9
All 3 funding rounds of IoTeX with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | Series A | – | – | ||
| Apr 2024 | $50M | Series A | – | Borderless Capital, Amber Group | |
| Sep 2019 | Seed | – | HashKey Capital | – |
9 investors in total: 9 institutional.
Investors in IoTeX
IoTeX has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Amber Group, Animoca Brands and Borderless.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding and acceleration are provided to sector-agnostic startups. | borderlesscapital.io | Miami, United States | ||
Blockchain sector focus is maintained by venture capital-backed accelerator. | foresightventures.com | Shanghai, China | ||
Crypto startups are funded by SNZ venture capital operations. | snzholding.com | Shanghai, China | ||
Blockchain sectors are invested in by Waterdrip Capital. | waterdrip.io | Shanghai, China | ||
Early-stage blockchain companies are funded by this venture capital entity. | ev3.xyz | New York, United States | ||
Digital asset investments are managed by HashKey Capital globally. | hashkey.capital | Singapore, Singapore | ||
Blockchain-based financial solutions are offered for crypto trading and payments. | 2017 | ambergroup.io | Singapore, Singapore | |
Blockchain-based PC and mobile games are developed and published. | 2006 | animocabrands.com | Kowloon, China | |
Invests in frontier technologies and decentralized databases for the digital economy. | 2017 | fmgroup.xyz | Hong Kong, China |
Investor details for IoTeX
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of IoTeX
33 people are tracked at IoTeX (8 in leadership, 5 in board & advisors, 20 in team).
| Name | Role | Group |
|---|---|---|
Qevan Guo | Co-Founder | Leadership |
Raullen Chai | Co-Founder | Leadership |
Xinxin Fan | Founding Member & Head of Cryptography | Leadership |
Larry Pang | Head of Business Development | Leadership |
Jing Sun | Founding Member & Head of Investment & Ecosystem | Leadership |
Seedlet Zhong | Director of Engineering | Leadership |
Lori Zhang | Head of Marketing & CM | Leadership |
Andrew Law | Head Of APAC Growth | Leadership |
Robert Parker | Advisor | Board & advisors |
Michael Cho | Advisor | Board & advisors |
Mukul Agarwal | Investor, Strategic Partner & Advisor | Board & advisors |
Jack Lee | Advisor | Board & advisors |
Guang Gong | Advisor | Board & advisors |
Simone Romano | Developer Advocate | Team |
Dustin Xie | Engineering Lead | Team |
David Akinfenwa | Community Moderator | Team |
Mariela Tánchez | Business Development Manager | Team |
Hung le | Developer | Team |
Nikita R. | Software Engineer | Team |
Claire Biasco | Marketing & Projects Lead | Team |
13 more people are available in the full profile.
Complete people profiles for IoTeX
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of IoTeX
3 dated milestones of IoTeX across 8 years, from founding to its latest funding, stage changes and deals.
- Founded IoTeX is founded.
- Funding First funding round.
- Funding Latest funding round, Series A,.
Competitors of IoTeX
IoTeX has 3 listed competitors in our database, 2 of them funded. They include Dash, Bottomline Technologies and Origin Protocol.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dash.org | 2014 | Scottsdale, United States | $16.17M | Dash is recognized as a digital cash cryptocurrency solution. | ||
| bottomline.com | 1989 | Portsmouth, United States | 1,248 | Cloud-based treasury management and fraud prevention solutions are provided. | ||
| originprotocol.com | 2017 | San Francisco, United States | $31.5M | 11 | A blockchain platform is provided for building decentralized marketplaces. |
Detailed competitors of IoTeX
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of IoTeX
The website of IoTeX (iotex.io) receives about 26.2K visits a month.
- Monthly visits26.2K
▼ 29% vs previous month
Websites whose visitors overlap most with IoTeX. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
depinhub.io | depinhub.io | 100% | #517,081 | – | |
depinscan.io | depinscan.io | 60% | #677,809 | – | |
| chainspot.io | 60% | 22.9K | #1,283,662 | View details |
Top companies in Blockchain & Decentralized Infrastructure
3 companies that operate in the same segment as IoTeX (Blockchain & Decentralized Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | 217 | ||
Developer of blockchain and web3 software platform | 2014 | Fort Worth, Texas, United States | USD 725 M | 708 | ||
Protocols for blockchain-based solutions are provided by Aptos. | 2021 | Palo Alto, California, United States | USD 350 M | 166 |
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Related news about Iotex
Complete news archive for IoTeX
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Frequently Asked Questions about IoTeX
IoTeX was founded in 2017 and raised its 1st funding round 2 years after it was founded.
IoTeX is headquartered in Menlo Park, United States. It is registered at Menlo Park, California, United States.
IoTeX is a funded company, having raised a total of $50M across 3 funding rounds to date.
IoTeX was founded in 2017 in Menlo Park, United States, as a blockchain platform focused on Internet of Things connectivity. A decentralized network is operated on a privacy-oriented blockchain, utilizing RDPoS consensus to accommodate numerous nodes. Privacy is ensured through stealth addresses and ring signatures, while cross-chain transfers of value and data are supported. Governance occurs via a decentralized autonomous organization, enabling community-driven rules for IoT device networks.
IoTeX's top competitors include Dash, Bottomline Technologies and Origin Protocol.
IoTeX has 9 investors. Key investors include Amber Group, Animoca Brands, Borderless, Foresight Ventures, and FutureMoney Group.